XMR Longterm OutlookI am personally bullish with regard to Monero.
The lowest it should go is $157 the week or next week, but that depends on market conditions.
Thereafter I expect a continuation to the upside fulfilling all the targets above. Do note that the moon target is not the final target, the final target is the last numerical target. Moon targets can take months to reach so it is better to stack more coins while waiting for them.
XMRUSD trade ideas
Bearish third wave for XMRUSDWave 3 is coming. I'm learning to use the elliot waves but yea 3rd wave.
* Wave 2: Common retracement levels
* 61.8%-78.6% of wave 1 (golden zone, most common)
* May also be 23.6%, 38.2%, or 50%
* Wave 3: Common extension levels
* 161.8% extension of wave 1 (most common)
* May also be 127.2%, 200%, 261.8%, 361.8%
* Wave 4: Common retracement levels
* 38.2%-50% of wave 3
* May also be 14.6%, 23.6% (sometimes 61.8%, but it must not retrace below the wave 1 top)
* Wave 5: Common extension levels
* 50%-61.8% extension of waves 1-3
* 161% of wave 4
* Equal length of wave 1
(COPY AND PASTED TO CLEAR UP THINGS)
EW Analysis: XMRUSD Monero May Face A Deeper Corrective DeclineHello traders!
Today we will talk about cryptocurrencies, specifically XMRUSD Monero in which we see quite clear pattern. We will talk about its price action from technical point of view and wave structure from Elliott Wave perspective.
Well, if you are familiar with Elliott Wave, then you know that after every five waves, a three-wave pullback follows. And, as you can see, seems like Monero may have a completed 5th wave, especially if we consider strong and impulsive five-wave drop from the highs, which can be an indication for a deeper, higher degree A-B-C correction that can send the price back to the previous wave 4 and 120 support level.
Currently, it looks like it's just in a slow three-wave (A)-(B)-(C) corrective rally within wave B that can find the resistance ideally here around 240 - 260 zone and from where we should be aware of another sell-off for wave C.
Invalidation level is at 288 highs.
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Monero XMRUSD: Bullish Setup to Catch a Swing Move
XMR dropped nicely to a major daily support cluster.
The price was nicely rejected and now we see a classic bullish accumulation on 4H
with a sequence of equal highs and higher lows.
To catch a bullish continuation, wait for a bullish breakout (4H candle close above) of 227.0 resistance.
Then buy aggressively or on retest.
Your goals will be:
251
272
In case of a formation of a new lower low on 4H, setup will be invalid.
Monero Trend Analysis for March"Simple" trend analysis to set expectations for March. Currently forming into an upward wedge, which is liable to break downward. Lots of support around, especially including the "snowline" from Monero's ATH. Looking to fill up in the gold zone after a bullish reversal confirmation.
I'm an amateur; this is not advice.
Monero is heading to the moon by the end of 2021After a long period of time, XMR price finally managed to open and close again above the pivot line ( Pink Trend Line ) on daily time frame. the end of bearish wave just confirmed with two long wicks candles. seems that price is retesting the Pink line. but the fib channel number 23, is still another resistance on XMR's way. it is expected that some consolidation in the area between fib 23 and its new support, the Pink trend line. if price manages to close above the fib 23, its way toward upper line of the white channel, would be paved. the bottom line of black channel is the next major resistance on its way. if XMR manage to breakout the white channel. the black channel would be its new support and its journey toward 600$ could be much more easier. as a result of exponential trend, it is expected that we could see XMR is pumping soon. the vertical white lines are fib time zones, on which the chart had beautifully reaction to it. according to fib time zones, we are in a bullish major trend, and November 2021 could be an amazing month for XMR holders.
Monero Golden Cross inboundQuickpost on XMR as a golden cross is due very shortly and my operating assumption is that after that concludes we should expect to see XMR get a good pump. ETH on the chart below had a golden cross around $600 and now it has done about a x3 in just a couple of months. I expect monero will be even more volatile and we would see even higher gains and I could show you why, but this is just a quick post. Ultimately, I hope to see ATH for XMRBTC and XMRETH. Just because it is taking a slight beating right now doesn’t mean the macro situation isn’t very bullish.
Monero XMR Prepare For SellOffThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
Monero XMR Market Cap $4,444,410,296
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET CAP
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